Mississippi Treasurer David McRae today announced the State Treasury will be offering one lucky State Fair-goer a $500 Mississippi Affordable College Savings (MACS) scholarship just for stopping by the College Savings Mississippi booth in the TradeMart Building. “We want to make the State Fair a time for food, fun, and scholarship funds,” said McRae. “We know that students with money … Read More
McRae: Meet Us at the Fair
The Mississippi State Fair is a tradition for many families, and it’s become a tradition for your State Treasury as well. We’ll be back in the TradeMart building this year with new opportunities for Fair-goers to earn cash while enjoying the festivities. More specifically, our College Savings Mississippi team is trying to make the State Fair a time for food, … Read More
McRae: Put Our Fiscal House in Order
It likely goes without saying, but our nation’s fiscal house is a mess. Over the last few weeks, we have lurched from one financial crisis to the next. A budget needed to be written, the government had to be funded or agencies would begin to shut down, and a decision had to be made as to whether America would be … Read More
Q&A with Treasurer David McRae | MPACT: Is it right for my family?
Earlier this month, your State Treasury re-opened enrollment for the Mississippi Prepaid College Tuition program – or MPACT. Because of strong market growth and a new investment strategy, we were able to open without the typical annual rate increase, giving families another year to lock in. But what is this program? How does it work? And how do you know … Read More
McRae to Biden: Plan to Monitor Middle-Class Bank Accounts is Largest Data Mining Exercise in U.S. History
Mississippi Treasurer David McRae joined 22 State Treasurers, Auditors, and financial officers to oppose a Biden administration proposal that empowers the IRS to monitor American bank accounts with more than $600 of deposited funds. If the proposal is enacted, the private banking activity of more than 100 million Americans could be subject to examination by the IRS. “We do not believe … Read More
David McRae Elected Vice President of National Association of State Treasurers
Mississippi Treasurer David McRae was today sworn in as Vice President of the National Association of State Treasurers (NAST). McRae is the 55th Treasurer of the State of Mississippi. In this role, he helps manage the state’s cash flow, oversees College Savings Mississippi, and has returned more than $30 million in unclaimed money to Mississippians. “I am excited to bring … Read More
McRae: The IRS Has No Business Monitoring Your Bank Account
Under the Biden administration, the federal government’s role in our lives has become increasingly obtrusive, increasingly socialist, and increasingly concerning. What’s more, with the House of Representatives under Nancy Pelosi’s control and Chuck Schumer running the Senate, the executive overreach has gone unchecked. As a result, the Biden administration has begun forcing individuals across the country to be vaccinated – … Read More
Treasurer McRae: Mississippi Maintains Strong Credit Rating
State Treasurer David McRae today announced Mississippi has maintained its strong Aa2 credit rating from Moody’s. This helps ensure Mississippi has access to advantageous financing, saving taxpayers money. “As State Treasurer, I have a responsibility to do more with every taxpayer dollar spent, regardless of the economic environment in which we find ourselves,” said McRae. “Throughout the ups and downs … Read More
McRae: Back to School and Back to Saving
With each new school year, our family falls into new habits. We figure out new breakfast routines, new drop-off routines, new afterschool activity routines. It takes a bit of adjustment in the beginning, but soon enough it’s second nature. For many families, I think that’s similar to how they feel when they begin seriously saving for their child’s college. It … Read More
McRae Returns $50,000 to MDOT in Unclaimed Money
State Treasurer David McRae presented Mississippi Department of Transportation (MDOT) Executive Director Brad White with a check for unclaimed money worth more than $50,000. The funds owed to MDOT were turned over to the State Treasurer’s office from banks and other entities after sitting unclaimed for an extended amount of time. “Taxpayers intended for these funds to be used to … Read More